Alibaba Completes Regulatory Overhaul, Shares Surge

China's market regulator ends three-year antitrust review, praising compliance and boosting market confidence.

Alibaba's stock rose over 4% following the announcement of regulatory compliance.
The State Administration for Market Regulation fined Alibaba $2.8 billion in 2021 for monopolistic practices.
The regulatory scrutiny was part of a broader crackdown on major Chinese tech firms.
Alibaba's compliance has been officially recognized, potentially easing its inclusion in the Hong Kong Stock Connect.
The end of the review is expected to positively impact Alibaba's market performance and investor confidence.